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Extreme TMA System

  • #10,781
  • May 17, 2012 2:08pm May 17, 2012 2:08pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Still some room
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Of all the things I've lost I miss my mind the most .
  • #10,782
  • May 17, 2012 2:31pm May 17, 2012 2:31pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
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.
Of all the things I've lost I miss my mind the most .
  • #10,783
  • May 17, 2012 3:17pm May 17, 2012 3:17pm
Quoting tomthepoppop
Al - Interesting how the. Do you just use it as a visual S/R?
Dear Tom :

I can not figure out your " Coral correlates with the Kumo...."

which post I can refer to ? please ~


SCOTT-ibm

~~~~~~~~~
  • #10,784
  • May 17, 2012 3:27pm May 17, 2012 3:27pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Approaching the 61.8
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Of all the things I've lost I miss my mind the most .
  • #10,785
  • May 17, 2012 3:27pm May 17, 2012 3:27pm
Quoting scott-ibm
Dear Tom :

I can not figure out your " Coral correlates with the Kumo...."

which post I can refer to ? please ~


SCOTT-ibm

~~~~~~~~~
The "Lorente large chart (2)" that was sent out awhile back contained the "kumo" part of the "Ichimoku" indicator. I was just noticing the similarity between the Coral (which is part of AL's Extreme TMA system) and the kumo. They just run very close together all the time.
Tom
  • #10,786
  • May 17, 2012 4:11pm May 17, 2012 4:11pm
Quoting Alorente
For every Flag and Pennat that work I can show you 3 that donīt. I stopped using them a long time ago.

Gold should retest 1600 next, which also happens to be the 50% Fib retracement. It is a big important round figure. I am very sure itīs going there. After that, we could get a collapse to 1400 or much lower. Maybe even a break of 1000.
Hi Al. I agree with your FLag and 1600 comments. I don't really like the Flag pattern but always take note of them.

I also think Gold is about to test 1600 as well.

As for lower, I am torn. If USD tops, not sure why Gold would go down, but it definitely can as you note. Nothing says USD will top, either though of course.

Gold today broke through an important channel line on H4, however, the EW wave pattern off the bottom on M30 (not shown here) makes it smell a like BIG fakeout, and would agree with your call. (notice the bear flag I mentioned earlier, which is now failed. I was already short and damn near threw my computer across the room when I had to close shorts)

As for speculation purposes, this is an EW count I have been following for quite a long time. It played out perfectly, but of course can be false.

Cheers
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  • #10,787
  • May 17, 2012 5:32pm May 17, 2012 5:32pm
Quoting Mr C
Attachment
Well, this is to the point how I got "censored " waiting on NZDUSD to get in profit. News came durring my sleeping time and knock my position in no man's land.

I noted yesterday, this USDCAD short is not confirmed. It would likely evolve today if it weren't for news, I admit that, but still... it's tempting, but not confirmed.

BR
  • #10,788
  • Edited 6:53pm May 17, 2012 6:00pm | Edited 6:53pm
Hi Al. Gold again, with some more long term charts I watch and trade.

Note the very conflicting information, this is the manipulators hard at work imho

So, miners has a H&S already broken and backtested. Gold broke through a H&S, and 1600 "could" be the backtest. OR, we can power through either Neckline I have drawn, and the whole pattern will FAIL.

H&S does coincide with my long term EW count.

The biggest problem I have with Gold topping, is I was never able to count a proper impulse down. So the whole damn thing looks corrective as my prior post shows. We might find out soon, what is the correct interpretation.

The one MT4 chart is the current situation, it is squished couldn't get it any better unfortunately but the info is there and count looks good from top.

I guess you already expressed your thoughts. I am conflicted ATM, but think it is safest to consider the H&S in this post in play, unless proven otherwise. Target lines up perfectly with a prior wave 4 at 1180
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  • #10,789
  • May 18, 2012 3:09am May 18, 2012 3:09am
Alfredo, can you please tell me where you think Eur/Gbp is going in the next few weeks and beyond?
  • #10,790
  • May 18, 2012 3:19am May 18, 2012 3:19am
Hi Al, you have right and you have discipline, you tell everyone the EU he will go to 1.26... Thank you the great Al.

Quoting Alorente
Very easy for me. I am holding my shorts on EU and GU until at least 1.2600. I wonīt worry about price swings until I get there.
  • #10,791
  • May 18, 2012 3:32am May 18, 2012 3:32am
Quoting Markillo
What is going on with EUR/JPY it is going to Hell!! when will that rally stop?
Don't be impatient in your trading just sit tight,flow with the trend and make some pips along the way or all the way, as you can see from the pic attached i'm still short and flowing with the trend, we are always busy thinking of the future and we forgot to live our present, i don't care were the EUR/JPY will go or when the trend will reverse, when it will i change my position with cold blood with no emotions involved,i'm not in the speculation game I TRADE WHAT I SEE NOT WHAT I EXPECT.

Best Regards.

P.S. Don't believe me i know nothing about Forex. (Personal Disclaimer).
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Master Your Setup, Master Your self. (NQoos)
  • #10,792
  • May 18, 2012 4:05am May 18, 2012 4:05am
Daily Read,

http://www.ft.com/intl/markets/currencies
http://online.wsj.com/public/page/ne...s-trading.html
http://www.bloomberg.com/news/currencies/
http://www.fxstreet.com/fundamental/analysis-reports/
http://www.fxstreet.com/fundamental/...cs/2012/05/18/

-Summary :
.Euro drops against dollar on Greece fears
.QE3: Definitely Maybe
.Investors flee Risk
.Asian currencies were headed for the biggest weekly drop NIKKEI 225 down 3%.
.Fitch downgrades Greece and Spanish banks, Bankia concerns.
.Facebook IPO.

Daily Trading Wisdom :

"Don't fritter away your time. Create, act, take a place wherever you are and be somebody. -Theodore Roosevelt "

Have a good and a profitable Day.

Regards.
Master Your Setup, Master Your self. (NQoos)
  • #10,793
  • Edited 4:54am May 18, 2012 4:42am | Edited 4:54am
I think, I know what kind of problem "kennowski" have.. because I got the same..
It's all about catch turning point.. Like on pic I post, USD/CAD. PA is above 1H and 4H TMA, but slope is on buy ONLY(but it is falling).. Should I sell it or not? In my opinion it will pullback to the top of longterm consolidation from past (1.0050).. there is divergence on RSI and Trix.. and today is CPI data from Canada, it made some impact for sure..

Should I take notice more on TMAlines or on slope?

What pro traders think about it? And HOW do you determinate turning point with this system?

Thanks for answers
Nes
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  • #10,794
  • May 18, 2012 5:39am May 18, 2012 5:39am
Quoting scott-ibm
Are you talk about UJ ??

SCOTT-ibm

~~~~
Itīs on the 61.8%

This is a great place to begin to accumulate UJ, but I feel there is no rush.
Observation is the path to discovery.
  • #10,795
  • May 18, 2012 5:40am May 18, 2012 5:40am
Quoting Mr C
Hi Al what time frame do you decide on with Fibs.

Thanks again,Attachment
I measure the Fibs on the Daily, but it makes no difference. It will be the same result on all TFs.
Observation is the path to discovery.
  • #10,796
  • May 18, 2012 5:42am May 18, 2012 5:42am
Quoting Markillo
What is going on with EUR/JPY it is going to Hell!! when will that rally stop?
When the Euro bounces to 1.30, but ultimately EurJpy may go under .90, maybe even under .80 or less.
Observation is the path to discovery.
  • #10,797
  • May 18, 2012 5:50am May 18, 2012 5:50am
how do i get the extreme spike, and ma crossover indicator indicator
  • #10,798
  • May 18, 2012 6:10am May 18, 2012 6:10am
Hi Al,
On a move that is sooo Extremely stretched out on all time frames, would you increase your position size (?double) for the expected correction( 24-38% possible out of 620 pips so far) in the EU ( Long) for example.(ie load the boat).

Or no change in position size

(H1, H4 time frame)
Thanks,
Fullpip
  • #10,799
  • May 18, 2012 6:41am May 18, 2012 6:41am
Quoting jayjonbeach
Hi Al. I agree with your FLag and 1600 comments. I don't really like the Flag pattern but always take note of them.

I also think Gold is about to test 1600 as well.

As for lower, I am torn. If USD tops, not sure why Gold would go down, but it definitely can as you note. Nothing says USD will top, either though of course.

Gold today broke through an important channel line on H4, however, the EW wave pattern off the bottom on M30 (not shown here) makes it smell a like BIG fakeout, and would agree with your call. (notice the bear flag...
OK. I said I expected Gold to test 1600. That doesnīt mean I will be surprised to see it go beyond that level. There is big long term resistance at 1.622 to 1.630 area. If I had to bet, I would say it will get up to that level, especially in the context of a Euro bounce to 1.30 which I expect in the next 2 or 3 days. What happens after that? Letīs wait until then and we will be able to say with a little more certainty. I expect it to fail somewhere in the area of 1600 to 1650 and break the low at 1525, but weīll see...
Observation is the path to discovery.
  • #10,800
  • May 18, 2012 6:46am May 18, 2012 6:46am
Quoting normtold
Alfredo, can you please tell me where you think Eur/Gbp is going in the next few weeks and beyond?
Down, down and even lower, with some bounces here and there though. Ultimately, it should reach the 2000 low at 0.57, but that could take years. There should be a nice bounce coming in the next few days with the EU bounce, probably up to .82
Observation is the path to discovery.
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